March 5, 2009
Boomerang kids
Story link: Boomerang kids
More and more children are going periods of independence only to return home at a later stage and staying with parents.
This is becoming an increasing factor in the UK economy and especially the property market. People are looking to get onto the property ladder but the lack of finance available is usually the deciding factor for most children to return home.
For Clarissa Young, a highly qualified, articulate 36-year-old from Ascot in Berkshire, waking up each morning in a bunk bed in her parents’ spare room is not where she envisaged being at this stage in life, when most of her friends are married with their own children in bunk beds.
“To make matters more laughable, when my 32-year-old brother Jared came home over Christmas, he had to sleep in the top bunk, so there we both were, feeling we’d regressed back to childhood,” says Clarissa, who finds herself one of the “boomerang generation”: people in their 20s or even 30s who, usually thwarted by lack of mortgages, precarious careers or the rising cost of living, move back home with their parents.